JERSEY
CITY, N.J., May 16, 2024
/PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release
of a market assessment report on the "Global Data Center
Colocation Market- (By Colocation Service (Retail Colocation and
Wholesale Colocation), By Infrastructure (Electrical
Infrastructure, Mechanical Infrastructure, and General
Construction), By Cooling Techniques (Air-based
Cooling and Liquid-based Cooling) By End-user (Retail, BFSI, IT
& Telecom, Healthcare, Media & Entertainment and Others)
Trends, Industry Competition Analysis, Revenue and Forecast To
2031."
According to the latest research by InsightAce Analytic, the
Global Data Center Colocation Market is valued at US$
31.9 Bn in 2023, and it is expected to reach US$ 58.4 Bn by 2031, with a CAGR of
8.04% during the forecast period of 2024-2031.
The data center colocation market is a subset of the information
technology sector wherein organizations and businesses lease space
in shared data center facilities for their computing hardware, such
as servers, instead of owning and operating their dedicated data
centers. The data center colocation industry is booming because one
of the main reasons for the market's expansion is the rising
expense of owning and operating data centers, which forces
businesses to deal with unpredictable data volumes.
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The need for data center colocation is also rising due to the
widespread use of various cutting-edge technologies, such as cloud
computing, the IoT, autonomous vehicles, and advanced robotics.
With these technologies continuing to advance, smart gadgets are
becoming more popular, increasing the demand for lower latency.
Moreover, with the proliferation of smart devices, there will be
an amplified demand for enhanced connectivity and quicker data
transfers, thereby potentially bolstering the capacity of
colocation data centers. The rising popularity of cloud data
centers, driven by their cost-effectiveness, is anticipated to
boost market expansion. Additionally, numerous elements, including
increased efficiency, rising speed, technical progress, and
supportive governmental policies, are expected to lead the
industry.
List of Prominent Players in the Data Center Colocation
Market:
- China Telecom Corporation Ltd.
- Cologix
- Colt Technology Services Group Ltd.
- CoreSite
- CyrusOne
- Cyxtera Technologies, Inc.
- Digital Realty Trust
- Equinix, Inc.
- Flexential
- Iron Mountain Inc.
- NTT Ltd.
- QTS Realty Trust, LLC
- Rackspace Technology
- Telehouse
- Zayo Group, LLC
Data Center Colocation Market Report Scope:
Report
Attribute
|
Specifications
|
Market Size Value In
2023
|
USD 31.9 Bn
|
Revenue Forecast In
2031
|
USD 58.4 Bn
|
Growth Rate
CAGR
|
CAGR of 8.04% from 2024
to 2031
|
Quantitative
Units
|
Representation of
revenue in US$ Bn and CAGR from 2024 to 2031
|
Historic
Year
|
2019 to 2023
|
Forecast
Year
|
2024-2031
|
Report
Coverage
|
The forecast of
revenue, the position of the company, the competitive market
structure, growth prospects, and trends
|
Segments
Covered
|
By Colocation Services,
By Infrastructure, By Cooling Techniques, By End-user and By
Region
|
Regional
Scope
|
North America; Europe;
Asia Pacific; Latin America; Middle East & Africa
|
Country
Scope
|
U.S.; Canada; U.K.;
Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain;
Southeast Asia; South Korea
|
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Market Dynamics:
Drivers-
Worldwide, data center colocation services are in high demand
due to the rising need for scalable data management solutions in
the face of exponential data growth across sectors, which is
propelling the data center colocation market.
Colocation services allow businesses to make use of modern
technology without having to spend a fortune on establishing their
facilities. This expansion is being driven by the increasing
popularity of cloud computing, the drive towards digital
transformation, and the necessity to improve data security while
remaining compliant with legislation. Market expansion is being
propelled by the fact that colocation enables greater proximity to
end-users, which in turn reduces latency and costs. As a result,
they are driving the data center colocation market.
Challenges:
Data Center Colocation Market growth is hindered because of the
high costs of setup and operation for data center colocations.
Modern colocation facilities necessitate heavy financial outlays
for infrastructure, cutting-edge cooling systems, and safety
precautions.
The operational complexities and costs are further compounded by
the need to comply with tight regulations pertaining to data
security and environmental effects. These considerations of the
reality that technology is advancing at a quick pace that
necessitates regular facility upgrades can discourage businesses
from enhancing their colocation capacities. Additionally, market
expansion could be hindered by a lack of knowledge about colocation
centers and the procedures of data center colocations.
Regional Trends:
The North American data center colocation market is anticipated
to register a major market share in revenue. It is projected to
grow at a high CAGR in the near future because of the region's
growing number of data centers, fast digitization, top data center
colocation providers' presence, and the existence of world-class
manufacturing hubs all contribute to an improved digital
infrastructure, and data center colocation services contributing to
the region's growth.
Besides, Europe had a
substantial market share due to the proliferation of data centers,
which has led to fast acceptance, comprehensive solutions being
readily available, and ever-increasing data center traffic volumes
are raising the need for data center colocations in this
region.
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Recent Developments:
- In February 2024, Bridge Data
Centres International Pte Ltd joined forces with the Singaporean
firm Red Dot Analytics Pte Ltd in a strategic alliance to further
BDC's aims in data center resilience, energy efficiency, and
sustainability through the use of RDA's data center Digital Twin AI
technology.
- In March 2024, CoreSite, a
division of American Tower Corporation and a frontrunner in hybrid
IT solutions announced its certification as an NVIDIA DGX-Ready
Data Center. This means it can now host high-performance, scalable
infrastructure for companies that want to take advantage of the
increasing demand for AI, ML, and other high-density
applications.
Segmentation of Data Center Colocation Market-
By Colocation Services
- Retail Colocation
- Wholesale Colocation
By Infrastructure
- Electrical Infrastructure
- UPS Systems
- Generators
- Transfer Switches & Switchgear
- PDUs
- Others
- Mechanical Infrastructure
- Cooling Systems
- CRAC & CRAH Units
- Chiller Units
- Cooling Towers, Condensers & Dry Coolers
- Economizers & Evaporative Coolers
- Other
- Racks
- Others
- General Construction
- Core & Shell Development
- Installation & Commissioning Services
- Engineering & Building Design
- Fire Detection & Suppression
- Physical Security
- DCIM/BMS Solutions
By Cooling Techniques
- Air-based Cooling
- Liquid-based Cooling
By End-user
- Retail
- BFSI
- IT & Telecom
- Healthcare
- Media & Entertainment
- Others
By Region
North America-
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and
Africa
Why should buy this report:
- To receive a comprehensive analysis of the prospects for global
Data Center Colocation market
- To receive industry overview and future trends of global Data
Center Colocation market
- To analyze the Data Center Colocation market drivers and
challenges
- To get information on the Data Center Colocation market size
value (US$ Mn) forecast till 2031
- Major Investments, Mergers & Acquisition in global Data
Center Colocation market industry
Other Related Reports Published by InsightAce
Analytic:
Sustainable Data Center Market
Data Center Fire Detection and Suppression Market
Carbon Neutral Data Center Market
Data Center Liquid Cooling Market
About Us:
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that enables clients to make strategic decisions. Our qualitative
and quantitative market intelligence solutions inform the need for
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clients gain competitive advantage by identifying untapped markets,
exploring new and competing technologies, segmenting potential
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